Partially Amortized Bonds definition
Partially Amortized Bonds means Bonds of a Series of which twenty-five percent (25%) or more of the principal on which comes due in a single year and for which no sinking fund installments have been established.
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Related to Partially Amortized Bonds
Prior Bonds means the assessment bonds that are refunded in part or in whole by refunding assessment bonds.
Term Bonds means those Bonds designated as such and maturing on the date or dates set forth in the Certificate of Award, bearing interest payable on each Interest Payment Date and subject to mandatory sinking fund redemption.
Refunded Bonds means the portion of the $660,000 of the Series G Bonds now outstanding that are stated to mature on December 1 in each of the years 2021 through 2025 that is to be refunded by the Bonds, as determined by the Fiscal Officer and specified in the Certificate of Award at the time of the sale of the Bonds in accordance with Section 2.
Refinanced and “Refinancing” shall have correlative meanings.
REO Principal Amortization With respect to any REO Property, for any calendar month, the excess, if any, of (a) the aggregate of all amounts received in respect of such REO Property during such calendar month, whether in the form of rental income, sale proceeds (including, without limitation, that portion of the Termination Price paid in connection with a purchase of all of the Mortgage Loans and REO Properties pursuant to Section 9.01 that is allocable to such REO Property) or otherwise, net of any portion of such amounts (i) payable pursuant to Section 3.23(c) in respect of the proper operation, management and maintenance of such REO Property or (ii) payable or reimbursable to the Servicer pursuant to Section 3.23(d) for unpaid Servicing Fees in respect of the related Mortgage Loan and unreimbursed Servicing Advances and P&I Advances in respect of such REO Property or the related Mortgage Loan, over (b) the REO Imputed Interest in respect of such REO Property for such calendar month.